Seattle, Washington
Today’s instantaneous dissemination of information, on a global basis, is dictating change in most business models. National knows that change affords opportunity. Recognizing an important role that commercial real estate has to play in this change, National has made an equity investment, totaling $100 million, in the country’s largest privately held data center company, headquartered in Seattle, Washington. With fossil-fired energy prices continuing to escalate and the likelihood of government mandated “cap-and-trade” provisions, Sabey Data Center Properties LLC’s reliance on the sustainable, hydroelectric power resources of the Pacific Northwest, provides their clients a “green,” long-term energy solution. In conjunction with a plethora of interconnectivity options, common to these data center facilities, our tenants benefit from a lower operating budget, in an environment where electricity costs can represent in excess of 50% of a data center’s operating budget. This directly impacts their bottom-line. Unlike most other commercial real estate segments today, the data center sector is characterized by demand exceeding supply, twofold, and it is in this environment that the partners plan to leverage their collective expertise to, adroitly, expand the existing 11 building, 1.7 million square foot platform.
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